Mark Sauter

Mark Sauter's insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook "Homeland Security: a Complete Guide," Sauter was also a consultant to one of the world's largest software companies and served as a US Army Special Forces and infantry officer.

SecondSight Exits Stealth Mode with $3 million Seed Round; Applies AI to Digital Risk Analysis for Cyber Insurance

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The Indiana-based company reports a number of successful deployments, including one which allowed a non-profit to hold onto its cyber coverage after suffering two breaches before it retained SecondSight. “SecondSight’s platform autonomously discovers, classifies and analyses an organisation’s entire landscape of digital assets, the unique risk profile for each digital asset across thousands of different … Read more

Personal Cyber Insurance Claims Jumped Even More from 2021-2 than Commercial: Regional Insurer Acuity 

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It’s possible the stark difference might be due to different starting levels of commercial versus personal policies…but the stats do indicate the growth of personal cyber insurance. “From June 2021 to June 2022, Acuity Insurance saw cyber liability insurance claims on its commercial insurance policies increase by more than 50%. For personal policies, Acuity saw … Read more

Growth of Cyber Insurance Rates Slows — But Premiums Still Going Up 

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“According to a report released by Marsh LLC last week, average cyber liability rates increased 54% in July compared with 133% in December 2021. Cyber rate increases are slowing but rates are still rising significantly, said Neil Kessler, Dallas-based president and chief operating officer of CRC Insurance Services Inc. According to CRC’s analysis, 82% of … Read more

Europeans Want to Beat US Regulators to Cyber Standards that Support Insurance  

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“’So I think we should have reference standards appropriate for SMEs that would be a real target for them to know what they should do to implement cybersecurity. If we do that, then insurers will also be happier to insure them. So we would have better cyber protection and cyber risk management across Europe,’ said … Read more

Hack of L.A. Schools Highlights Complexity and Costs of Attacks on School Systems

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The L.A. school system reportedly has cyber insurance, but how much it will cover is unclear. The system had failed to address security deficiencies identified in 2020. The range of costs for attacked school districts is illustrated by fall out from Baltimore’s school cyberattack. “A 2020 attack on the Baltimore schools has resulted in more … Read more

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